March 25, 2019

SystemSpecs Nigeria’s most efficient third party processor – CBN


John-Obaro, MD, SystemSpecs

SystemSpecs, providers of Remita, the integrated payment infrastructure and application has emerged the Most Efficient Third Party Payment Processor in Nigeria.

John-Obaro, MD, SystemSpecs

This declaration was made at the 2019 edition of the Central Bank of Nigeria (CBN) Electronic Payment Incentive Scheme (EPIS) Efficiency Awards, held in Lagos on Friday, 22 March 2019.

The award, according to the organisers, is in recognition of SystemSpecs’ “outstanding performance in achieving the highest level of service uptime in the processing of card transactions across all channels in 2018.”

Now in its fourth year, the CBN EPIS Efficiency Awards celebrates financial institutions, payment processors, fintechs, merchants and other stakeholders at the forefront of driving electronic payment in Nigeria. The awards, regarded as Nigeria’s most qualitative digital financial recognitions, are based on objective analysis of all ePayments data collated by the Nigeria Inter-Bank Settlement System (NIBSS) over a full calendar year.

Commenting on the award, SystemSpecs’ Managing Director, John Obaro said: “We are glad to again be recognised for our commitment to providing robust and reliable payment processing services to customers and stakeholders within the Nigerian Financial ecosystem.

“Our emergence as the Most Efficient Thirty Party Processor serves as a reinforcement of our role and impact in driving efficient payments across various sectors of the economy. It also strengthens our resolve to ensure the consistent satisfaction of our customers, irrespective of who, when, how or where they choose to use our services.”

At the 2018 edition of the Awards, SystemSpecs was recognised as the Financial Technology Partner of the Year.

Founded almost three decades ago, SystemSpecs has evolved to become a leading provider of financial technology infrastructure, application and services to banks, aggregators and merchants, among others. It is the provider of the Remita integrated payment gateway and application powering the very successful and widely acclaimed Treasury Single Account (TSA) initiative of the Federal Government of Nigeria.